Sutro Biopharma (NASDAQ:STRO – Get Rating) had its target price boosted by Piper Sandler from $16.00 to $18.00 in a report published on Tuesday morning, The Fly reports. They currently have an overweight rating on the stock.
Separately, HC Wainwright reduced their target price on Sutro Biopharma from $30.00 to $20.00 and set a buy rating on the stock in a research report on Wednesday, November 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $19.00.
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Sutro Biopharma Trading Up 4.9 %
Shares of NASDAQ:STRO opened at $7.67 on Tuesday. The business's 50-day moving average is $7.50 and its 200 day moving average is $6.48. Sutro Biopharma has a 1 year low of $3.33 and a 1 year high of $10.98. The firm has a market capitalization of $440.83 million, a P/E ratio of -2.96 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.95 and a quick ratio of 5.95.
Sutro Biopharma (NASDAQ:STRO – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.22). Sutro Biopharma had a negative net
margin of 175.85% and a negative return on equity of 53.85%. The business had revenue of $25.15 million for the quarter, compared to analyst estimates of $11.35 million. On average, research analysts predict that Sutro Biopharma will post -2.59 earnings per share for the current fiscal year.
Institutional Trading of Sutro Biopharma
Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Sutro Biopharma during the 3rd quarter valued at about $37,000. Amalgamated Bank purchased a new stake in Sutro Biopharma during the 1st quarter valued at about $44,000. Point72 Hong Kong Ltd purchased a new stake in Sutro Biopharma during the 2nd quarter valued at about $46,000. Allspring Global Investments Holdings LLC purchased a new stake in Sutro Biopharma during the 3rd quarter valued at about $51,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Sutro Biopharma in the third quarter worth about $56,000. Hedge funds and other institutional investors own 87.64% of the company's stock.
Sutro Biopharma Company Profile
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Sutro Biopharma, Inc operates as clinical stage drug discovery, development, and manufacturing company. It focuses on creating protein therapeutics for cancer and autoimmune disorders through integrated cell-free protein synthesis and site-specific conjugation platform, XpressCF+.The company's product candidates include STRO-001, an antibody-drug conjugate (ADC) directed against the cancer target CD74 for patients with multiple myeloma and non-Hodgkin lymphoma that is in Phase 1 clinical trials; and STRO-002, an ADC directed against folate receptor-alpha for patients with ovarian and endometrial cancers, which is in Phase 1 clinical trials.
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